Press Releases May 29, 2026 09:39 AM

Nordic American Tankers Ltd (NYSE: NAT) – the situation in the Middle East

Nordic American Tankers Provides Update on Middle East Situation Impacting Its Operations

By Sofia Navarro NAT

Nordic American Tankers Ltd issued a statement addressing the evolving situation in the Arabian Gulf and Strait of Hormuz region, which is critical to its shipping operations. The company directed investors to their website for detailed commentary and reassurances from management regarding ongoing developments.

Nordic American Tankers Ltd (NYSE: NAT) – the situation in the Middle East

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Key Points

Nordic American Tankers operates oil tanker vessels primarily in the Arabian Gulf and Strait of Hormuz, a geopolitically sensitive region.
The company acknowledged current tensions but provided a communication channel for updates to maintain transparency with shareholders.
This update reflects the company's focus on managing risks related to geopolitical instability in key shipping lanes affecting global oil trade.

Friday, May 29, 2026

Dear Shareholders and Investors,

Comments on the Arabian Gulf/Hormuz situation can be found on our home page www.nat.bm by scrolling down on the front page, to the "In the news" section.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.

For further information please see our homepage www.nat.bm

Contacts:

Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171

Risks

Geopolitical tensions in the Middle East and disruptions at the Strait of Hormuz pose risks to Nordic American Tankers' fleet operations and revenues.
Potential for increased insurance and security costs due to regional instability impacting shipping routes.
Volatility in oil markets and related shipping demand driven by conflicts can adversely affect the tanker shipping sector and associated stock prices.

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Nordic American Tankers Ltd (NYSE: NAT) – the situation in the Middle East

Key Points

Risks

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